Important Levels for 04-08-2021
We have had a breakout and we just need a good follow through to continue our upward movement.
Longs above 35350 can give us targets of 35450,35560 and 35700. SL can be kept at 35270.
With call writers missing from action today, open interest is highly bullish which means we should not short unless we get some good -ve price action.
In case we open gap down or move down at the day's beginning, any dip to 35150 can be bought with 35080 as our SL, targets can be 35250 and 35300.
Will be happy to short only below 34850 levels.
We have had a breakout and we just need a good follow through to continue our upward movement.
Longs above 35350 can give us targets of 35450,35560 and 35700. SL can be kept at 35270.
With call writers missing from action today, open interest is highly bullish which means we should not short unless we get some good -ve price action.
In case we open gap down or move down at the day's beginning, any dip to 35150 can be bought with 35080 as our SL, targets can be 35250 and 35300.
Will be happy to short only below 34850 levels.